Thailand’s oil company PTTEP today revealed its first quarter Operating Results and the company performance. 1st Quarter Operating Results (Unreviewed): Net profit of USD 680 million, an increase of 15% The company and its subsidiaries posted a net profit of USD 680 million (equivalent to 20,258 million baht), an increase of USD 91 million or 15% [...]
Press Release – Aker Solutions has decided to disclose preliminary information on its performance in the first three months of 2013 as the results considerably lag current consensus market estimates. Aker Solutions expects to report revenue of NOK 11.1 billion and earnings before interest, tax, depreciation and amortisation (EBITDA) of NOK 868 million for the [...]
Viper Subsea has seen revenues rise by 60% in the last financial year and is expecting similar or greater increase in this financial year as the innovative Bristol based company continues to enjoy rapid year-on-year growth. Established in 2007 with a remit to provide the subsea oil and gas market with superior consultancy and product [...]
Swedish owner of offshore accommodation facilities, Floatel International, is contemplating a private placement of approximately USD 150 million through the issuance of new shares in Oslo directed towards Norwegian and international investors. “The Private Placement will further strengthen Floatel International as a leading provider of high- specification, modern accommodation vessels to the offshore oil and gas industry,” said the company in [...]
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has completed a reassessment of the oil, gas and natural gas liquids (NGLs) reserve and resources estimates for the Terra Nova field and has revised the current estimates. Reserve and resources estimates are reviewed and updated when significant new information is acquired during drilling and production activities [...]
Hardy Oil & Gas has begun negotiations to increase its interest in the GS-o1 exploration block located offshore the west coast of India. “Hardy confirms that it is in negotiations with the block operator but no agreement has been made. Any such agreement would be subject to Government of India approval,” the company said in [...]
Royal Dutch Shell plc hosted a management day with investors today, focusing on global gas and Asia Pacific Upstream. Outlining Shell’s global gas strategy, CEO Peter Voser said: “Strong growth in gas markets, especially Integrated Gas, is a major opportunity for Shell and our shareholders. Our Integrated Gas earnings have more than trebled in the [...]
November 14, 2012 | Posted in
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Swiber Holdings Limited, an integrated construction and support services provider to the offshore oil and gas industry today reported a 14.0% increase in net profit to US$46.0 million for the nine months ended September 30, 2012 (“9M2012”), in tandem with a 47.0% surge in revenue to US$689.3 million over the same period. The strong revenue [...]
Statoil has completed its first multilateral well offshore Brazil as part of the company’s increased oil recovery (IOR) efforts at the Peregrino field. This is the first multilateral well in Brazil with gravel pack in both branches. “Statoil has used this technology to reach world-leading recovery factors on the Norwegian continental shelf and now we [...]
BP today announced its financial results for the third quarter of 2012, reporting underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, of $5.2 billion, a 40% increase on previous quarter. The British oil giant also announced an increase in its quarterly dividend to 9c per share – an increase of [...]
